A Nairobi-based forex trader Michael Gitonga who is battling charges of defrauding clients of Ksh 215.3 million now wants the case at lower court withdrawn. When...
While the CMA’s intervention offers a regulatory lifeline, the firm must navigate debt repayment, legal battles, and restored investor trust.
CMA emphasized that the funds are held in segregated accounts, protected by regulatory guidelines established in 2023, and managed by authorized custodians and trustees.
A growing number of Kenyans are falling victim to deceptive sales tactics employed by financial advisors and firms, it has been established. These unscrupulous practices, often...
Afrasia Bank has threatened SBM Bank (Kenya) with a notice of instituting liquidation proceedings against should the bank fail to refund over Sh900 million that it...
Dyer and Blair Investment Bank has come under the spotlight following accusations of wash-sale trading scheme. This a practice where the investor’s shares are sold without their...
The Capital Markets Authority (CMA) is now staring at parliamentary scrutiny for failing to protect investors, following the proliferation of unregulated and illegal investment funds that...